DoD Navy Contract for Equipment Rental Exceeds $53M, Awarded to Prime Projects International
Contract Overview
Contract Amount: $37,260,568 ($37.3M)
Contractor: Prime Projects International General Trading LLC
Awarding Agency: Department of Defense
Start Date: 2005-09-28
End Date: 2011-06-17
Contract Duration: 2,088 days
Daily Burn Rate: $17.8K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 2
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: 200512!601883!1700!N62470!NAV FACILITIES ENGINEERING COMMA!N6247005C4110 !A!N! !N! ! !20050928!20070530!535269690!535269690!535269690!N!PRIME PROJECTS INTERNATIONAL L!5TH FLOOR TWIN TOWERS !DUBAI !AE!* !00000! !UK!* !* !UNITED KIN!+000004059300!N!N!000007308130!N054!INSTALLATION OF EQ/PREFAB STRUCTURES !S1 !SERVICES !000 !* !532490!E! !3! ! ! ! ! !20200930!B! ! !A! !A!U!J!2!002!B! !Z!N!Z!B!UK!N!L!N! ! ! ! ! !A!A!000!A!B!N! ! ! ! !1700!N62470!0001! !
Plain-Language Summary
Department of Defense obligated $37.3 million to PRIME PROJECTS INTERNATIONAL GENERAL TRADING LLC for work described as: 200512!601883!1700!N62470!NAV FACILITIES ENGINEERING COMMA!N6247005C4110 !A!N! !N! ! !20050928!20070530!535269690!535269690!535269690!N!PRIME PROJECTS INTERNATIONAL L!5TH FLOOR TWIN TOWERS !DUBAI !AE!* !00000! !UK!* !* … Key points: 1. The contract, valued at over $53 million, was awarded to Prime Projects International. 2. This award falls under the 'Other Commercial and Industrial Machinery and Equipment Rental and Leasing' category. 3. The contract was awarded through full and open competition, suggesting a competitive bidding process. 4. The duration of the contract was 2088 days, indicating a long-term need for these services.
Value Assessment
Rating: fair
The contract value of $53,526,969 is substantial for equipment rental services. Benchmarking against similar contracts is difficult without more specific details on the equipment and duration.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
Awarded under full and open competition, this method typically allows for the widest range of potential bidders, fostering price discovery and potentially leading to more competitive pricing.
Taxpayer Impact: The substantial value of this contract means a significant portion of taxpayer funds is allocated to equipment rental, with the effectiveness of competition influencing the overall value for money.
Public Impact
Taxpayers are funding a significant contract for equipment rental services for the Navy. The long contract duration suggests a sustained operational requirement for the rented equipment. The award to an international company (based in Dubai, UAE) highlights the global reach of some government contracting.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for cost overruns given the long duration and international vendor.
- Lack of specific details on the type of equipment rented.
- Limited information on the performance of Prime Projects International.
Positive Signals
- Awarded through full and open competition.
- Clear contract start and end dates provided.
- Contract type is Firm Fixed Price, offering cost certainty.
Sector Analysis
The 'Other Commercial and Industrial Machinery and Equipment Rental and Leasing' sector encompasses a broad range of services. Benchmarking this contract's value requires understanding the specific types of equipment and their market rates.
Small Business Impact
The contract was awarded to Prime Projects International General Trading LLC, which is not identified as a small business. There is no indication of small business subcontracting goals or achievements within the provided data.
Oversight & Accountability
The contract was awarded by the Department of the Navy, part of the Department of Defense. Oversight would typically involve contract management offices within the Navy to ensure compliance and performance.
Related Government Programs
- Other Commercial and Industrial Machinery and Equipment Rental and Leasing
- Department of Defense Contracting
- Department of the Navy Programs
Risk Flags
- High contract value.
- Long contract duration.
- International vendor.
- Lack of specific equipment details.
- Potential for logistical complexities.
Tags
other-commercial-and-industrial-machiner, department-of-defense, dca, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $37.3 million to PRIME PROJECTS INTERNATIONAL GENERAL TRADING LLC. 200512!601883!1700!N62470!NAV FACILITIES ENGINEERING COMMA!N6247005C4110 !A!N! !N! ! !20050928!20070530!535269690!535269690!535269690!N!PRIME PROJECTS INTERNATIONAL L!5TH FLOOR TWIN TOWERS !DUBAI !AE!* !00000! !UK!* !* !UNITED KIN!+000004059300!N!N!000007308130!N054!INSTALLATION OF EQ/PREFAB STRUCTURES !S1 !SERVICES !000 !* !532490!E! !3! ! ! ! ! !202
Who is the contractor on this award?
The obligated recipient is PRIME PROJECTS INTERNATIONAL GENERAL TRADING LLC.
Which agency awarded this contract?
Awarding agency: Department of Defense (Department of the Navy).
What is the total obligated amount?
The obligated amount is $37.3 million.
What is the period of performance?
Start: 2005-09-28. End: 2011-06-17.
What specific types of equipment were rented under this contract, and how does their rental cost compare to market rates for similar equipment?
The provided data does not specify the exact types of equipment rented. The contract falls under NAICS code 532490 (Other Commercial and Industrial Machinery and Equipment Rental and Leasing). Without this detail, a precise comparison to market rates is not feasible. However, the total value of over $53 million for a nearly 6-year period suggests significant equipment or long-term rental needs.
What risks are associated with awarding a long-term, high-value contract to an international vendor for equipment rental?
Risks include potential logistical challenges, currency exchange rate fluctuations, differing legal and regulatory environments, and difficulties in ensuring timely maintenance or replacement of equipment. Ensuring compliance with US government standards and performance expectations from an international vendor requires robust oversight and clear contractual terms.
How effectively did the 'full and open competition' process ensure the best value for the government in this instance?
While 'full and open competition' is designed to maximize value, its effectiveness depends on the number and quality of bids received. The data does not reveal the number of bidders or the specific pricing strategies employed. The substantial contract value suggests a significant need, and the competitive process aimed to secure favorable terms, but a definitive assessment of 'best value' requires further analysis of the bidding landscape.
Industry Classification
NAICS: Real Estate and Rental and Leasing › Commercial and Industrial Machinery and Equipment Rental and Leasing › Other Commercial and Industrial Machinery and Equipment Rental and Leasing
Product/Service Code: INSTALLATION OF EQUIPMENT › INSTALLATION OF EQUIPMENT
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Offers Received: 2
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 5TH FLOOR TWIN TOWERS, DUBAI
Business Categories: Category Business, Not Designated a Small Business
Contract Characteristics
Cost or Pricing Data: NO
Timeline
Start Date: 2005-09-28
Current End Date: 2011-06-17
Potential End Date: 2011-06-17 00:00:00
Last Modified: 2014-02-01
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